2022-12-31-accounts - Christian Life Ministries

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees					Martin Storey,	Senior Pastor	Senior Pastor	Senior Pastor	Senior Pastor
					Matthew Davis,		General		Manager
					Matthew Baines		(Independent)
					David Bolton	(Independent)				—resigned 30 March 2023
					James Ombudo		(Independent)
					Olivett Ihama	(Independent)
					Andrew Malone		(Independent)
Company	registered			number	05999919
Charity registered			number		1119509
Registered		office			The Welcome	Centre
					Parkside
					Coventry
					CV1 2HG
Principal	operating			office	Christian Life	Ministries
					Parkside
					Coventry
					CV1 2HG
Company	secretary				Gary Ruck
Independent		auditors			PKF Smith Cooper Audit				Limited
					Statutory Auditors
					158 Edmund	Street
					Birmingham
					West Midlands
					B32HB
Bankers					HSBC Bank pic
					133-135Daventry			Road
					Cheyles more
					Coventry
					CV3 5HD
Solicitors					Geldards LLP
					Dumfries House
					Dumfries Place
					Cardiff
					CF103ZF

							Page
Reference	and administrative		details	ofthe charity,	its trustees	and advisers
About us
Message	from the Senior Pastors
Trustees'	report						8 —29
Independent		auditors' report					30 —31
Consolidated		statement of financial		activities			32
Consolidated		balance sheet					33
Company	balance sheet						33
Consolidated		statement of cash flows					34
Notes to	the	financial statements					35-48

				General	Designated	Restricted	Total	General	Designated	Restricted	Total
				funds	funds	funds	funds	funds	funds	funds	funds
				202Z	2022	2022	2022	2021	2021	2021	2021
								E	E	f	E
Income from:
Donations and legacies			3	855,989	303,747	2,920	1,162,656	758,011	244,281	2,650	1,004,942
Charitable activities				32,114			32,114	8,995			8,995
Other trading activities
Investment Income				647			647	95			95
Total income				888,750	303,747	2,920	1,195,417	767,101	244,281	2,650	1,014,032
Expenditure on:
Raising funds —trading		activities	7a	1,051			1,051	2,798			2,798
Charitable activities			7b	938,335	107,800	2,920	1,049,055	797,604	96,235	2,650	896,489
Total expenditure				939,386	107,800	2,920	1,050,106	800,402	96,235	2,650	899,287
Net income / (expenditure)				(50,636)	195,947	-	145,311	(33,301)	148,046		114,745
Transfers between	funds		15
Net movement in funds				(50,636)	195,947		145,311	(33,301)	148,046	-	1 14,745
Reconciliation of funds:
Total funds brought	forward			3,056,969	208,907	191,816	3,457,692	3,090,270	60,861	191,816	3,342,947
Total funds carried	forward		1e	3,006,333	404,854	191,816	3,603,003	3,056,969	208,907	191,816	3,457,692

				Consolidated	Consolidated	Company
			Note	2022	2021	2022	2021
FIXED ASSETS
Tangible assets			11	3,051,349	3,104,289	2,866,805	2,919,503
Investments			12			1	1
CURRENT ASSETS
Debtors			13	97,816	119,120	97,579	118,446
Cash at bank and	in	hand		504,673	287,292	492,588	276,888
TOTAL CURRENT	ASSETS			602,489	406,412	590,167	395,334
Creditors: amounts		falling due within one year	14	(50,835)	(53,009)	(59,510)	(63,737)
NET CURRENT ASSETS				551,654	353,403	530,657	331,597
TOT'AL NET ASSETS				3,603,003	3,457,692	3,397,463	3,251,101
CHARITY FUNDS
Restricted funds			16	191,816	191,816	191,816	191,816
Designated funds			16	404,854	208,907	404,854	208,907
General unrestricted		funds	16	3,006,333	3,056,969	2,800,793	2,850,378
TOTAL FUNDS				3,603,003	3,457,692	3,397,463	3,251,101

				2022	2021
				F	F
Cash flows from operating		activities
Net cash	used in operating	activities (see	note 18)	234,267	107,388
Cash flows from investing		activities
Proceeds	from the sale of	tangible fixed assets			1,294
Purchase	oftangible fixed	assets		(16,886)	(55,290)
Net cash	used in investing	activities		(16,886)	(53,996)
Cash flows from financing		activities
Repayments of borrowing
Net cash	provided by/(used in) financing		activities
Change	in cash and cash	equivalents in the year		217,381	53,392
Cash and	cash equivalents	at the beginning	ofthe year	287,292	233,900
Cash and cash equivalents		at the end of	the year (see note 19)	504,673	287,292

Freehold property	- 2%straight line basis	- 2%straight line basis
Motor vehicles	—25% reducing	balance
Fixtures & fittings	- 25% reducing	balance
PA & music equipment	- 25% reducing	balance
IT equipment	—33%reducing	balance

						2022				2021
3.	Donations		General funds	Designated funds	Restricted funds	Total	General funds	Designated funds	Restricted funds	Total
				E.
	Donations		714,977			714,977	646,874			646,874
	Vision Offerings			264,460		264,460		209,156		209,156
	Other donations		10,830		2,920	13,750	472		2,650	3,122
	Income tax reclaimable		130,182	39,287		169,469	110,665	35,125		145,790
	Government grants
	Total donations		855,989	303,747	2,920	1,162,656	758,01 1	244,281	2,650	1,004,942
						202Z
4.	Charitable activities		General funds	Designated funds	Restricted funds	Total	General funds	Designated funds	Restricted funds	Total
	Church life and ministries		32,114			32,114	8,995			8,995
	Total income from charitable activities		32,114			32,114	8,995			8,995
						2022				2021
5.	Trading Activities		General funds	Designated funds	Restricted funds	Total	General funds	Designated funds	Restricted funds	Total
	Subsidiary trading	income
	Subsidiary trading	expenses	1,051			1,051	2,798			2,798
	Net income from trading activities		(1,051)			(1,051)	(2,798)			(2,798)
						2022				2021
6.	Investment Income		General	Designated	Restricted	Total	General	Designated	Restricted	Total
			funds	funds	funds		funds	funds	funds
			6	E	f		p		8
	Bank interest		647			647	95			95
	Net investment income		647			647	95			95

7.	Total Resources E	xpensed
							2022			2021
					Direct	Support	Total	Direct	Support	Total
	Unrestricted —Genral	funds			costs	costs	costs	costs	costs	costs
7a.	Cost of generating funds - trading			activities	1,051		1,051	2,798		2,798
	Charitable activities
	Christ-centred community				244,302	52,530	296,832	183,365	46,308	229,673
	Spiritual growth				169,548	38,835	208,383	135,645	38,344	173,989
	Effective mission				157,862	21,306	179,168	113,215	19,645	132,860
	Administration 6i	buildings			22,995	224,533	247,528	21,473	232,617	254,090
	Total charitable	activities			594,707	337,204	931,911	453,698	336,914	790,612
	Governance costs					6,424	6424	-	6992	6992
7b.	Total Unrestricted -General		funds		594,707	343,628	938,335	453,698	343,906	797,604
							2022			2021
					Direct	Support	Total	Direct	Support	Total
	Designated				costs	costs	costs	costs	costs	costs
	Cost of generating funds
	Charitable activities
	Christ-centred community				41,653	18,991	60,644	41,620	17,656	59,276
	Spiritual growth				18,537	3,140	21,677	17,836	2,824	20,660
	Effective mission				22,339	3,140	25,479	13,475	2,824	16,299
	Administration 6i	buildings
	Total charitable	activities			82,529	25,271	107,800	72,931	23,304	96,235
7b.	Total designated				82,529	25,271	107,800	72,931	23,304	96,235
							2022			2021
					Direct	Support	Total	Direct	Support	Total
	Restricted				costs	costs	costs	costs	costs	costs
7a.	Cost of generating funds
	Charitable activities
	Christ-centred community
	Spiritual growth
	Effective mission				2,920		2,920	2,650		2,650
	Administration 6	buildings
	Total charitable	activities			2,920		2,920	2,650		2,650
7b.	Total restricted				2,920		2,920	2,650		2,650
	Charitable activity costs						1,049,055			896,489

8.	Auditors' remuneration
							2022	2021
	Fees payable to the Company's		auditor for the audit ofthe Group's		annual	accounts	6750	6992
9.	Staff costs
							Group	Group
							2022	2021
	Wages and salaries						506,008	465768
	Social security costs						42,494	37,502
	Contribution to defined	contribution		pension schemes			20,169	17,740
							568671	521010

Full	time	pastor
Part	time	pastor
Full	time	ministry	support
Part	time	ministry	support
Full	time	support	staff
Part	time	support	staff

Group	Group
2022	2021
No.	No.
21	19

The ave	rage headcount expressed as full-time equivalents wa	s:
		Group	Group
		2022	2021
		No.
Church	—Pastoral		10
Church	- Administration
Trading	subsidiary
			15

Group
	Freehold		Fixtures and
	property	Motor vehicles	fittings		Total
	E		F		E
Cost
At 1 January 2022	3,258,688	7,165	498,010	3,763,863
Additions			16,886		16,886
Disposals
At 31 December 2022	3,258,688	7,165	514,896	3,780,749
Depreciation
At 1 January 2022	269,847	7,069	382,658		659,574
Charge for the year	35,373	96	34,357		69,826
On disposals
At 31 December 2022	305,220	7,165	417,015	729,400
Net book value
At 31 December 2022	2953468		97881	3051 349
At31Oecember 2021	2988841	96	115352	3	104289

Company
	Freehold			Fixtures and
		property	Motor vehicles	fittings	Total
		E.	E		E
Cost
At 1 January 2022	3,074,868		7,165	491,574	3,573,607
Additions				16,886	16,886
Disposals
At 31 December 2022	3,074,868		7,165	508,460	3,590,493
Depreciation
At 1 January 2022	269,847		7,069	377,188	654,104
Charge for the year		35,373		34,115	69,584
On disposals
At 31 December 2022		305,220	7,165	411,303	723,688
Net book value
At 31 December 2022	2	769648		97 157	2866805
At31Oecember 2021	2805021		96	114386	291950

						Investments	in
						subsidiary
						companies
Company							E
Cost
At 'I January	2022
At 31 December 2022
Net book value
At 31 December 2022
At31Oecember 2021
For further details of subsidiaries		see note 23.
Debtors
			Group	Group	Company
			2022	2021	2022	2021
Due within one year
Trade debtors
Other debtors			25,656	9,038	25,419	8,810
Prepayments	and accrued income		11,870	11,035	11,870	10,589
Tax recoverable			60,290	99,047	60,290	99,047
			97815	119120	97 579	118446

Creditors: Am	ounts f	alling due within one year
			Group	Group	Company
			2022	2021	2022	2021
Trade creditors			5,949	8,314	3,989	5502
Amounts owed	to group undertakings				12,912	17,038
Other taxation	and social security		12,702	3,762	10,469
Other creditors			17,727	16818	17,727	16,817
Accruals and deferred		income	14,457	24,115	14,413	24,086
			50835	33003	59510	33737

					Balance at			Balance at
					1 January 2022	Income	Expenditure	31 Dec. 2022
					F		E
Unrestricted funds
Designated funds
Existing	Ministries		and Missions			48,000	(48,000)
New Opportunities					86,903	88,287	(59,800)	115,390
Preparing	for Tomorrow				122,004	167,460		289,464
					208,907	303,747	(107,800)	404,854
General	funds
General	Funds —all		unrestricted	funds	3056969	888 750	~939386	3006333
Total Unrestricted			funds		3,265,876	1,192,497	(1,047,186)	3,411,187
Restricted funds
Missional	special	offerings
Mission	hardship	payments				2,920	(2,920)
Building	fund				191,816			191,816
Total Restricted		funds			191,816	2,920	(2,920)	191,816
Total of	funds				3457692	I 195417	~1050106	3603003

Statemen	t of fun	ds C	ont	inued - prior year
					Balance at
					1January			Balance at
					2021	income	Fxpendi ture	31Oec. 2021
								E
Unrestricted funds
Designated funds
Existing	Ministries	6 Mission				55000	(55,000)
New Opportunities					8,000	120,138	(41,235)	86903
Preparing	for Tomorrow				52,861	69,143		122,004
Total designated		funds			60,861	244,281	(96,235)	208,907
General	unrestricted		funds
General	Funds —unrestricted				3090270	787.101	~800402	3038969
Total Unrestricted		funds			3,151,131	1,011,382	(896,637)	3,265876
Restricted funds
Mission	offerings					500	(500)
Mission	COVID hardship			payments		2,150	(2,150)
Building	fund				191,816			191,816
					191,816	2,650	(2,650)	191,816
Total of	funds				3342947	1014092	~899287	~34 7892

Summar	y	offunds	- current year
					Balance at			Balance at
				1	January 2022	Income	Expenditure	31 Dec. 2022
						E	E	E
General	unrestricted		funds		3,056,969	888,750	(939,386)	3,006,333
Designated		funds			208,907	303,747	(107,800)	404,854
Restricted		funds			191,816	2,920	(2,920)	191,816
					5457652	1195417~1050106		5605005

					Balance at			Balance at
					1January 2021	Income	Expenditure F	31Oec. 2021
General	unrestricted	funds			3,090,270	767,101	(800,402)	3,056,969
Designated funds					60,861	244,281	(96,235)	208,907
Restricted funds					191,816	2,650	(2,650)	191,816
					3342947	1014032~999297		3457692
Analysis	of net assets between			funds
Analysis	of net assets between		funds - current year
						Restricted	Unrestricted	Total
						funds	funds	funds
						2022	2022	2022
						f	6
Tangible	fixed assets					191,816	2,859,533	3,051,349
Current assets							602,489	602,489
Creditors	due within	one year					(50,835)	(50,835)
Total						~11816	3411 187	~603008
Analysis	of net assets between		funds - prior year
						Restricted	Unrestricted	Total
						funds	funds	funds
						2021	2021	2021
Tangible	fixed assets					191,816	2,912,473	3,104,289
Current	assets						406412	406412
Creditors	due within	one year					(53,009)	(53,009)
Total						191816	3265876	3457692

18.	Reconciliation of net	Reconciliation of net	Reconciliation of net	movement	in funds	to net cash	flow from operating	activities	activities
										Group	Group
										2022	2021
	Net income		for the year (as per		Statement	of Financial	Activities)			145,311	114,745
	Adjustments		for:
	Depreciation		charges							69,826	74,125
	(Increase) /		decrease	in debtors						21,304	(68,419)
	(Decrease)		in creditors							(2,174)	(13,063)
	Net cash	provided by		operating	activities					234 267	~1
19.	Analysis	of	cash and	cash equivalents
										Group	Group
										2022
	Cash in	hand								504,673	287,292
	Total cash and cash			equivalents						504673	287292
20.	Analysis	of	changes	in net debt
											At 31
								At	1 January		December
									2022	Cash flows	2022
	Cash at	bank and in hand							287,292	217,381	504,673
									287 232	217381	504 673
21.	Pension	commitments

Key manag	ement
			2022	20201
Gross remuneration		of key management	148289	144594
Employer's	national	insurance	16,316	15,099
Employer's	pension	contributions	7,415	7,237
			172020	199930

Names		Company	Principal	activity	Included
		number			consolidation
CLM Enterprises	Limited	05862264	Conferencing	- currently	100% Yes
			dormant
CLME Ventures	Limited	04132735	Dormant		100% Yes

he financial resu	lts of the subsid	iaries for the year	were:
Names		Income	Expenditure	Profit/(Loss)	for the	Net assets /
					year	(liabilities)
CLM Enterprises	Limited		1,051		(1,051)	(188,067)
CLME Ventures	Limited					209,792